US health insurer Cigna has abandoned its pursuit to buy Humana, as reported by Reuters and danprimack. Meanwhile, retailer Macy's has received a $5.8 billion buyout offer from investor firms, causing a significant rise in its shares. The dealmaking includes Macy's take-private, Endeavor Energy on the block, Paramount sale possibility, and PGA talking with non-PIF investors. Cigna's pursuit of Humana is confirmed to be off, as reported by danprimack. The potential buyout of Macy's has sparked discussions on its future profitability and the department store model's viability. Arkhouse Management & Brigade Capital Management have made the $5.8 billion offer to buy Macy's. The offer has prompted discussions about the department store's current state. Macy's best option is now seen as profitable oblivion, according to Breakingviews by Reuters and Forbes. The news has been covered extensively by various news outlets and business programs, including FastCompany, YahooFinance, business, SquawkStreet, and TheStreet.
Why A Hedge Fund Would Bid For Macy’s https://t.co/B7wfV18KrJ
Breakingviews - Macy’s best option now is profitable oblivion https://t.co/OrpLJgfxdc https://t.co/OrpLJgfxdc
From Breakingviews - Macy’s best option now is profitable oblivion https://t.co/5h5PpLohKO https://t.co/5h5PpLohKO
Macy's $5.8 Billion Buyout! - The Rebel's Edge https://t.co/VULHjyOTFp
-UEDA and Bank of Japan -Macy’s said to get $5.8 billion offer from investor group -Cigna calls off pursuit of Humana @ManusCranny reports. Tune into "Bloomberg Brief" at 5am ET https://t.co/LLEJH8WNGE https://t.co/05ZL7Eqvyf
-UEDA and Bank of Japan -Macy’s said to get $5.8 billion offer from investor group -Cigna calls off pursuit of Humana @ManusCranny reports. Tune into "Bloomberg Brief" at 5am ET https://t.co/6feBB5RDbw https://t.co/4xW5lAYrN5
Arkhouse Management & Brigade Capital Management have offered to buy $M for $5.8 billion. @CarlQuintanilla, @DavidFaber & @SaraEisen discuss the deal and what it means for the department store “It’s a shell of where it used to be.” https://t.co/XHjEX4Unag
Today in Bloomberg Deals: German football tries again for private equity money, Macy’s gets a $5.8 billion offer and Cigna-Humana is off https://t.co/qulTvl7ya2
Why A Hedge Fund Would Bid For Macy’s https://t.co/8XpTd8yEJ0
Shares of retailer Macy's rose significantly in premarket trading on Monday after reports that two investor firms have teamed up to make a $5.8 billion bid. https://t.co/ouT6KZFqgl
$M is weighing a $5.8 billion buyout offer. “The company will never be a hugely profitable company in the future because the department store model just doesn’t work anymore and that is why I think it needs to seriously consider this offer,” Morningstar's David Swartz says. https://t.co/7N2b7BUwda
Shares of retailer Macy's rose significantly in premarket trading on Monday after reports that two investor firms have teamed up to make a $5.8 billion bid. https://t.co/5f0cNLRwr2
Last ditch December dealmaking: Macy's take-private, Endeavor Energy on the block, Paramount sale possibility, and PGA talking w/ non-PIF investors. Only one not happening for sure is Cigna/Humana.
Cigna calls off reported pursuit of Humana https://t.co/0WSVySh7sg
US health insurer Cigna scraps deal to buy Humana -WSJ https://t.co/rjpfz5gJyh https://t.co/lZ9zwEZR3v